The counter after posting all time high around 570 witnessed a sharp correction. It posted a swing low around 360 mark and started to consolidate and gradually commenced its northward journey. It seems that the counter has formed an Inverted Head & Shoulder Pattern on a daily as well as weekly chart. The distance from its Head to Neckline is around Rs.120. So theoretically on the confirmation of the pattern we can have upside target of Rs.625. Lets see how the pattern works out... !!!
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